Louisiana Revised Statutes 43:88 – Nonperformance of contract by printer; forfeiture of bond
Terms Used In Louisiana Revised Statutes 43:88
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Should the successful bidder refuse or fail to enter into an agreement with the State of Louisiana, Division of Administration, to serve as state printer of the official journal of the state after having been notified that its or his bid had been accepted, or should the state printer of the official journal of the state, after having entered into such an agreement with the state of Louisiana, Division of Administration, fail to faithfully perform all of the duties devolving upon said state printer by law or to comply with the terms of the agreement so entered into, such failure or noncompliance shall, after twenty days’ notice in writing sent to it or him by registered mail, be construed as a breach of the obligations of said state printer of the official journal of the state, and the proceeds of the bond executed by it or him as provided in this Chapter shall, in addition to any or all other damages suffered by the State of Louisiana, Division of Administration, by virtue of any breach of the terms of the agreement, be due and payable to the State of Louisiana, Division of Administration, as and for liquidated damages, and shall be collectible without any further demand or putting in default, provided, however, that the said state printer of the official journal of the state shall not be deemed to be in default in the event that such failure to comply with its or his obligation shall be caused by contingencies, happenings or causes beyond its or his control, including, but not limited to, acts of God, force majeure, fire, flood, war, acts of government, accidents, inability to obtain material or equipment, or any other acts or events the cause of which is not attributable to the state printer of the official journal of the state.
Acts 1954, No. 127, §8.